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speaker boehner is on the right track. i think he's shown a willingness to talk about things that we haven't been able to talk about before. they need to sit down and hash this out. >> isn't that interesting. republicans won't answer the direct question because these aren't the kinds of cuts they are looking for. if an interview, mitch mcconnell offered his wish list. higher medicare premiums for the wealthy americans and an increase in the medicare eligibility age. he wants to slow the cost of living increases on social security. social security is off the table. on medicare, though, one part of the president's savings would come from increasing premiums to the wealthiest americans so there might be some agreement there. but raising the eligibility age for medicare recipients is an absolute nonstarter. the idea is unpopular and it's also inefficient because it increases the cost to seniors without creating much savings to the government at all. here's the bottom line in all of this. house republicans have voted for paul r
speaker boehner is on the right track. i think he's shown a willingness to talk about things that we haven't been able to talk about before. they need to sit down and hash this out. >> isn't that interesting. republicans won't answer the direct question because these aren't the kinds of cuts they are looking for. if an interview, mitch mcconnell offered his wish list. higher medicare premiums for the wealthy americans and an increase in the medicare eligibility age. he wants to slow the...
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Nov 29, 2012
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choose from among these gals, john boehner and good luck. now it's time for the last word with lawrence o'donnell. >>> john boehner knows that the president is right on taxes. he knows it, but he's afraid to say that now, so he's sending one of his loyal soldiers out there to say it for him. >> there may be a debate over whether it's a cliff or curb. >> bump in the road. >> the curve of a mole hill. >> but there is one indes putable fact. >> the fact is definitely ticking. >> it's time for the president and democrats to get serious. >> i got a pen. i'm ready to sign it. >> some signs of compromise. >> congressman tom cole urged his colleagues to get in line behind president obama. >> that's just silly. >> scared me a little bit. >> i told tom earlier that i disagreed with him. >> shame on him. >> why would you do that? it's like selling your soul. >> i hope his wife understands. >> he brought my wife into it? he's never met me, my wife. >> his wife. >> some of these people have had impure thoughts? >> do you have any impure thoughts about gr
choose from among these gals, john boehner and good luck. now it's time for the last word with lawrence o'donnell. >>> john boehner knows that the president is right on taxes. he knows it, but he's afraid to say that now, so he's sending one of his loyal soldiers out there to say it for him. >> there may be a debate over whether it's a cliff or curb. >> bump in the road. >> the curve of a mole hill. >> but there is one indes putable fact. >> the fact is...
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Nov 30, 2012
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speaker boehner's decision to finally a woman. diane says, he must have looked through one of mitt's binders of women. that's a good one. and linda said, if women were in charge of all of the committees, they might be able to get something done. we'll have a lot more on boehner's new chairman. but, first, we want to hear what you think. please head over to facebook and search "politicsnation" and "like" us to keep the conversation going long after the show ends. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about t
speaker boehner's decision to finally a woman. diane says, he must have looked through one of mitt's binders of women. that's a good one. and linda said, if women were in charge of all of the committees, they might be able to get something done. we'll have a lot more on boehner's new chairman. but, first, we want to hear what you think. please head over to facebook and search "politicsnation" and "like" us to keep the conversation going long after the show ends. [ male...
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Dec 1, 2012
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boehner, like geithner, leapt to the extreme. republicans, the best response to a nonstarter could be to put a real thoughtful compromise deal on the table. an alternative and as for mr. geithner, he wasn't alone either. remember, mr. president, the promise you made during the campaign? >> $2.50 for every cut, we ask for a dollar of additional revenue. >> that means you'd neen $4 trillion in spending cut to match, but you only offered 400 billion, which of course is $3.6 trillion short before you even get to the stimulus plan and other spending items. ethan pollak, steven moore, you guys ready the play? >> sure. >> we are. >> i know you spoke to our producer today and he seems to think nobody can beat him at this game. the best in the world. steven, a few weeks ago, you were optimistic. congress' approval ratings seemed to go up because everybody seems so conciliatory. is this going to get done? >> i very rarely admit that i was wrong, but i'm starting to get worried that maybe i was wrong. that these sides are further apart now
boehner, like geithner, leapt to the extreme. republicans, the best response to a nonstarter could be to put a real thoughtful compromise deal on the table. an alternative and as for mr. geithner, he wasn't alone either. remember, mr. president, the promise you made during the campaign? >> $2.50 for every cut, we ask for a dollar of additional revenue. >> that means you'd neen $4 trillion in spending cut to match, but you only offered 400 billion, which of course is $3.6 trillion...
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, and it would be deeply irresponsible if we were to see that kind of approach taken again. >> with boehner calling on the white house to lay out specific spending cuts, senate majority leader harry reid offered his own response to the house speaker. >> he says that democrats have got to get serious about cuts, spending cuts. where's the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> huh. don't understand his brain. i don't understand your senate that hasn't produced a budget in, what, three, four years? >>> on to other news, president obama and mitt romney agreed to stay in touch following their face-to-face sit-down at the white house. the two met privately yesterday over lunch to share ideas about solving challenges facing the nation. they also discussed the possibility of working together in the future. the white house described the meeting as friendly. as the former rivals shared a meal of light turkey chili and chicken salad. >>> former president george h.w. bush is expected to be released from a houston hospital this weekend after suffering complic
, and it would be deeply irresponsible if we were to see that kind of approach taken again. >> with boehner calling on the white house to lay out specific spending cuts, senate majority leader harry reid offered his own response to the house speaker. >> he says that democrats have got to get serious about cuts, spending cuts. where's the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> huh. don't understand his brain. i don't understand...
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. >> boehner's surprise is in part because this is a different obama he is now negotiating with. and it is not just that obama won an election. he has often compromised on his own. he has offered plans that tracked where he thought the final compromise would end up. the white house figured that by being list is us to they would win goodwill own the other side and even if they didn't, the media would come to their side realizing they sought compromise in the same place and been rebuffed by republicans. the white house does not believe that any more. probably the key lesson they took from the last couple of years is this. do not negotiate with yourself. if republicans want it cut medicare, let them propose the cuts. if they want it raise revenue through tax reform as opposed to marginal rates, let them tell you with what they want it eliminate. if they want deeper cuts to discretionary spending, let them give you a number. above all, if they don't like your policies, let them propose their own. that way if the white house does give in to hire demands, the republicans would feel lik
. >> boehner's surprise is in part because this is a different obama he is now negotiating with. and it is not just that obama won an election. he has often compromised on his own. he has offered plans that tracked where he thought the final compromise would end up. the white house figured that by being list is us to they would win goodwill own the other side and even if they didn't, the media would come to their side realizing they sought compromise in the same place and been rebuffed by...
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Dec 3, 2012
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this response is boehner saying, not so fast, mr. president. >> in terms of -- i know you don't have details on the medicare. are there any details on where the revenue comes from? in terms of exemptions and loopholes? do we know if all the exemptions and loopholes are taken off the table? for example, if mortgage and charity is still there? >> we just have detail describing this as revenue through tax reform. presumably there would be some changes to the revenue code that would get you the $600 billion -- i'm sorry, $800 billion in additional revenue the speaker is talking about here. where he gets that from, we'll have to get that answer from the speaker's office. you can imagine right now their phone lines are scrammed and operators are not standing by. >> thanks. you have to start somewhere. >> let's get reaction. s & p capital, jeff cox at cnbc headquarters and rick santelli in chicago. sam, where do you stand on all this? what's your take in terms of republicans coming out with their plan, post the president's plan released thi
this response is boehner saying, not so fast, mr. president. >> in terms of -- i know you don't have details on the medicare. are there any details on where the revenue comes from? in terms of exemptions and loopholes? do we know if all the exemptions and loopholes are taken off the table? for example, if mortgage and charity is still there? >> we just have detail describing this as revenue through tax reform. presumably there would be some changes to the revenue code that would get...
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boehner to stop protecting the rich. joy reid is managing editor of the grio, and david corn is washington bureau chief for mother jones and the author of the ebook "47 percent." today the president took his pitch to a factory in the philadelphia suburbs, and he made clear the rich must pay their fair share. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your members of congress, like allyson and chaka, other democrats in the house, they're ready to go, they're ready to vote on that same thing. if we can just get a few house republicans on board, we can pass the bill in the house, it will
boehner to stop protecting the rich. joy reid is managing editor of the grio, and david corn is washington bureau chief for mother jones and the author of the ebook "47 percent." today the president took his pitch to a factory in the philadelphia suburbs, and he made clear the rich must pay their fair share. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a...
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Dec 6, 2012
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boehner will be glad to see the end of mr. demint. >> i'm sure he will. i think it represents the weakens of the tea party within congress. jim demint is a movement conservative. we have certainly not seen nor heard the last of him. he will find other ways to create headaches for both boehner and mcconnell, but i agree with david. most importantly, it may be a slight relief from the headache for john boehner, but he's still got a big challenge in that he is negotiating at this point with himself and not facing the reality that he doesn't really have a lot of leverage. >> indeed. jared, speaking of the details themselves, speaker boehner is saying that his is a serious offer that produces sufficient revenue and savings for the next decade. you're an economist, does it? do his numbers really add up? >> well, no, they don't add up because they lack any level of specificity that you would need to even write them down and put a plus sign next to them so see if they'd add up. he did the same -- >> hang on a second though. he said he stuck $800 billion in revenu
boehner will be glad to see the end of mr. demint. >> i'm sure he will. i think it represents the weakens of the tea party within congress. jim demint is a movement conservative. we have certainly not seen nor heard the last of him. he will find other ways to create headaches for both boehner and mcconnell, but i agree with david. most importantly, it may be a slight relief from the headache for john boehner, but he's still got a big challenge in that he is negotiating at this point with...
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they don't want to hear boehner capitulate. if you read a lot of the right wing sides, not the crazy once, they're already teeing up to say bain ser a failure, he gave into obama. they want to hear him talk the talk. while he still has the rejectionists in hand in the lame duck caucus and while he has that donor class that wants to hear this conservative rhetoric, he's still got to play the game. behind the jeans i think republicans understand they're going to lose that top rate fight. they're going to lose that and i wouldn't be surprised if they wound up putting the debt creeling into the deal at the end, but up until the moment they make the deal, he's got to talk the talk. >> if i was only interested in right wing money and money at the top, i would say that's all true and, therefore, the faster they make a deal the better because if they're going to raise the rate anyway, get it over with. >> it would be better for the republicans if they make a deal now. >> boehner can make a better deal now. the question is whether anyon
they don't want to hear boehner capitulate. if you read a lot of the right wing sides, not the crazy once, they're already teeing up to say bain ser a failure, he gave into obama. they want to hear him talk the talk. while he still has the rejectionists in hand in the lame duck caucus and while he has that donor class that wants to hear this conservative rhetoric, he's still got to play the game. behind the jeans i think republicans understand they're going to lose that top rate fight. they're...
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never mind that speaker boehner called the debt ceiling his leverage and speaker boehner voted five times to during the bush presidency, to raise the ceiling to the tune of nearly 4 trillion-dollar. this time he wants the default by the government that he has a moral obligation to support the raising the debt ceiling now. so here is the offer the president should make. i tolerated an unacceptable and improper effort by your house to extract concessions on an issue that should be a simple procedural vote. i will not do that again. i have made many offers, and you have not responded with anything tangible. unless you immediately raise the debt ceiling sufficiently to get us to january 1, 2015 based on current deficit projections we're ceasing all negotiations. i'm happy to have the bush tax cuts expire on january 1st, and then have you explain to the public that you have raised the taxes on all americans and you're playing games merely because you're unwilling to act responsibility. it is time to take the debt ceiling off the table as a negotiating ploy. time to call their bluff recognize t
never mind that speaker boehner called the debt ceiling his leverage and speaker boehner voted five times to during the bush presidency, to raise the ceiling to the tune of nearly 4 trillion-dollar. this time he wants the default by the government that he has a moral obligation to support the raising the debt ceiling now. so here is the offer the president should make. i tolerated an unacceptable and improper effort by your house to extract concessions on an issue that should be a simple...
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want his name on john boehner's proposal. the approach does not represent the simpson-bowles plan. i took the mid point of the public offers to demonstrate where i thought a deal could be reached at that time and says times have changed since then and it is up to negotiators to find out where the mid point is today. it is no longer operative apparently. >>> getting back to potential cliffedend. you saw a big bet on microsoft today. >> great news for dell and should be good news for microsoft. we saw somebody buy 3,000 of the jan 28 calls. means the break even is about 28.31. they think the stock will get back to the 29 to 33 range where it has been. >> it is time to visit jane for the look of what is up next. >> guys, they estimate $1 billion worth of goods move through every day but right now we have a whole lot of nothing going on. they are negotiating in a building over there they don't want us to show you. we will have the latest after the break. [ male announcer ] the markets keep moving. make sure the news keeps coming
want his name on john boehner's proposal. the approach does not represent the simpson-bowles plan. i took the mid point of the public offers to demonstrate where i thought a deal could be reached at that time and says times have changed since then and it is up to negotiators to find out where the mid point is today. it is no longer operative apparently. >>> getting back to potential cliffedend. you saw a big bet on microsoft today. >> great news for dell and should be good news...
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again, though, the most important dynamic here is between the president and boehner. >> yes. >> and boehner and republicans who have not voted to raise any taxes in washington in, what, 20, 25 years? >> mm-hmm. >> and so, as mark said, the president has just made john boehner's job much, much more difficult. everybody is looking at tom cole now who is going to be prima primaried. this is what happens when you go and try to meet democrats halfway. according to "the new york times," they start with a proposal that's loaded with democratic priorities. according to "the wall street journal," the first offer was provocative. suddenly tom cole looks like an idiot out there. >> or he gives someone to boehner's left so he doesn't look so extreme. >> but, again, the president by putting this offer out there just made it impossible for another tom cole to step out and be responsive. >> the curt phone call between ba boehner and the president makes me feel they are posturing and getting -- >> first of all, i couldn't disagree more. i think there are lines of optimism to be seen very clearly in this de
again, though, the most important dynamic here is between the president and boehner. >> yes. >> and boehner and republicans who have not voted to raise any taxes in washington in, what, 20, 25 years? >> mm-hmm. >> and so, as mark said, the president has just made john boehner's job much, much more difficult. everybody is looking at tom cole now who is going to be prima primaried. this is what happens when you go and try to meet democrats halfway. according to "the...
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boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not going to be enough. you got to go the rates. once you do the rates, everything else might fall in place because do i think the white house will negotiate. >> i want to go over the stakes of all of this just for the average american family, if we do go over the cliff, about 90% of households would end up paying almost $3,500 more in taxes and one in five action pai -- taxpayers would have to pay the alternative minimum tax, which would mean an increase of $3,700 more of what you already know and those on unemployment i
boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not...
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still to come, speaker boehner set to make comments on the cliff. a big debate. doug holtz eakin and harold ford jr. will battle it out over how to solve this thing. final trades when we come back. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's sol
still to come, speaker boehner set to make comments on the cliff. a big debate. doug holtz eakin and harold ford jr. will battle it out over how to solve this thing. final trades when we come back. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares...
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>>guest: not john boehner, and mcconnell is not either. you heard yesterday when treasury secretary geithner put the plan on the table, mcconnell literally laughed out loud because they saw sticker shot on republican side. they believe the president campaigned on $800 billion tax increases back over the last few months and now suddenly it is doubled to $1.6 trillion because it is not just about going back to the old clinton tax rates and letting the bush rates expire it is also about adding new taxes on capital gains, dividends, et cetera. the push back is the president campaigned on this and he believes he won that argument, and he believes that once republicans give in on the tax argument, at least extend the bush rates for the middle class, as the president says, 98 percent, basically, he will talk about spending cuts and i think that is the other frustration republicans have, they think if they give in on taxes, now, with a promise of spending cuts later, those cuts will never materialize. >>neil: do folks at white house think there wi
>>guest: not john boehner, and mcconnell is not either. you heard yesterday when treasury secretary geithner put the plan on the table, mcconnell literally laughed out loud because they saw sticker shot on republican side. they believe the president campaigned on $800 billion tax increases back over the last few months and now suddenly it is doubled to $1.6 trillion because it is not just about going back to the old clinton tax rates and letting the bush rates expire it is also about...
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speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear message to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which, by the way, we have never done it in our history until we did it last year, i will not play that game. >> sorry speaker boehner. find someone else to play economic game with. the president isn't interested. he's done with their gimmicks. he's done with their ploys. he's done with the argument that they are the serious ones in this whole debate. >> so we ask the president, sit down with us, be serious about the specifics of spending. >> and i'll be available at any moment to sit down with the president to get serious about s
speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear message to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of...
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senator mitchell, you more or less have been in john boehner's shoes. you were a congressional leader hammering out a tax and spending cut deal with the president of the opposing party. how is what we're seeing now different than what you experienced two decades ago? >> it's similar in terms of the issues, the positions of the parties have been that way for a long time. it's different in several respects. first, when i was there, it was the president who had made the no tax pledge. president bush the first, as you'll recall, made a very famous no tax pledge which he eventually backed off of. in this case, it's the congress. the republicans of the congress specifically, who have made the tax pledge, and the president who is trying to get them to break it. secondly, the numbers are very much reflecting the passage of time. we were very concerned because we thought the budget was going to be -- the deficit was going to be about $150 billion. that shocked everyone into action. then, unlike now, there remains some degree of bipartisanship. there was comity,
senator mitchell, you more or less have been in john boehner's shoes. you were a congressional leader hammering out a tax and spending cut deal with the president of the opposing party. how is what we're seeing now different than what you experienced two decades ago? >> it's similar in terms of the issues, the positions of the parties have been that way for a long time. it's different in several respects. first, when i was there, it was the president who had made the no tax pledge....
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speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday. >> we've wasted enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. so i have no other particular observation than i commend the house republican leadership for trying to move the process along and getting to a point where hopefully we can have a real discussion. >> but why is the the gop still hot on its desire to raise money through cuts and deductions rather than an actual increase in the top end tax rate? well, i t
speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch...
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i think for now it's a tactical move on boehner's party. it's not a declaration boehner is supporting ryan in 2016. >> but, jamal, isn't that the problem for the whole party? isn't the problem that this party, unless it can broaden and deal with the new america, the new electorate that they lost to in november -- >> bad. >> -- that they will never be able to regain footing and eventually just be a permanent marginal party? >> absolutely. they've got to figure out a way out of this box. paul ryan -- paul ryan and i are about the same age. these are different kinds of republicans. they're not afraid of talking to people of color, not afraid of some of these things, some of their parents and grandparents were. this is what i'm saying. democrats have to be careful. barack obama supporting a democrat in 2016 does not mean that democrat's going to get black and latino votes. these democrats are going to have to have solid programs that appeal to these constituencies and fundamental relationships and not be dependent upon the president to carry th
i think for now it's a tactical move on boehner's party. it's not a declaration boehner is supporting ryan in 2016. >> but, jamal, isn't that the problem for the whole party? isn't the problem that this party, unless it can broaden and deal with the new america, the new electorate that they lost to in november -- >> bad. >> -- that they will never be able to regain footing and eventually just be a permanent marginal party? >> absolutely. they've got to figure out a way...
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boehner knows that. and so they're puddling around the edges right now, i think to professor's point. >> i want to talk about tax reform and pick up a point you mentioned yesterday. as far as if we go from the 35 to the 39, we don't get there. we need capital gains and dividends. i want to talk about real-life experience. i sold my business 2000, 28% capital gains. great capital there for me. i have not done one thing differently in the last 11 years had it been 13% or 15%. this concept that if we raise capital gains, we are going to somehow destroy the economy, trickle down is not going to work, is false. is absolutely unequivocally false. and until forget even entitlements, on the revenue side we don't move to capital gains and dividends, we're not going to make a dent in this thing. >> which is what warren buffett said, it's not going to stop people from investing. the republican fear is that we agree to revenue hikes, but we don't actually ever get these spending cuts, the spending cuts are pushed do
boehner knows that. and so they're puddling around the edges right now, i think to professor's point. >> i want to talk about tax reform and pick up a point you mentioned yesterday. as far as if we go from the 35 to the 39, we don't get there. we need capital gains and dividends. i want to talk about real-life experience. i sold my business 2000, 28% capital gains. great capital there for me. i have not done one thing differently in the last 11 years had it been 13% or 15%. this concept...
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listening to john boehner today and the president, it's pretty clear there's no deal anywhere near being settled here. i don't know about you, i'm just getting really bored with it. why don't they just get round a table and get it done? let me start with you gerri. >> i think the president going to pennsylvania to the tinker toy plant on a campaign stop essentially is probably not going to go over as well as he thinks it does, particularly since we thought we were done with that. we just went through it a few weeks ago. thought campaign stops were over and he inflicts this on us again. the american people expect him to sit down with the republicans in congress and work this out. now, a year ago or so, last year, he agreed to $800 billion in tax hikes. that's kind of where the number was. he comes back with twice that and when he gets obviously a no from republicans, you don't double it and say that's okay. he immediately goes out on the campaign trail so he does need to come back to washington, they need to sit down. that's what the american people expect them to do. >> i mean, the botto
listening to john boehner today and the president, it's pretty clear there's no deal anywhere near being settled here. i don't know about you, i'm just getting really bored with it. why don't they just get round a table and get it done? let me start with you gerri. >> i think the president going to pennsylvania to the tinker toy plant on a campaign stop essentially is probably not going to go over as well as he thinks it does, particularly since we thought we were done with that. we just...
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neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfa state, we did not vote for it. neil: you would not -- you would not support a hike in taxes in anyway shape or form? >> no but we will get more revenue if we reform our tax code and a pro-growth way, 3/10 of 1% will generate more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: u know, senator, a pleasure knowing you, i always gauge viewer interest in a p
neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfa state,...
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senator demint starts about firing speaker boehner on rush limbaugh show. where is this war going? >> well, you do see a real split on the republican side right now between the establishment figures. let's be clear, the power still sits with the tea party more than with the establishment. you've seen this in the picking of the next gubernatorial candidate. and so it's a small number of people who are trying to move away from that ideology and you also see the institutional shift. something like the heritage foundation that used to be a real generator of ideas, taking one of the flat earthers out of the senate to try to come in and be the face of that is not moving in a direction. this is a senator who stood with todd akin after and put his name out there and that's largely been pushed down by the base of the party and of the movement. >> now, joe, when you see senator demint tweeting statements that really ripped speaker boehner's debt talks, he tweeted this, speaker boehner's offer of an $800 billion tax hike will destroy jobs and allow politicians in washington to spend even more
senator demint starts about firing speaker boehner on rush limbaugh show. where is this war going? >> well, you do see a real split on the republican side right now between the establishment figures. let's be clear, the power still sits with the tea party more than with the establishment. you've seen this in the picking of the next gubernatorial candidate. and so it's a small number of people who are trying to move away from that ideology and you also see the institutional shift....
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is he gives boehner more room to negotiate? >> maybe he's giving boehner a chance to actually kind of calm the other troops in the republican caucus who are more against a compromise than he is. it's always hard to tell with legislative politics. these guys will go out on their own, get on camera and get in the papers. what's really interesting here, i think if you pull back a little bit, both parties are facing in the fiscal cliff this incredible, like, once in a generation test of their core principles. and kind of a political test for the whole country. this is one of the few times in recent history where the discussion on taxes has really changed and where the political playing field has kind of tilted for the democrats on this question. it hasn't been that way since they controlled all of congress probably in the clinton years. really what we're seeing is if democrats are worried, are they can't sort of change the conversation and move the needle on taxes with all the things they have going for them right now in this polit
is he gives boehner more room to negotiate? >> maybe he's giving boehner a chance to actually kind of calm the other troops in the republican caucus who are more against a compromise than he is. it's always hard to tell with legislative politics. these guys will go out on their own, get on camera and get in the papers. what's really interesting here, i think if you pull back a little bit, both parties are facing in the fiscal cliff this incredible, like, once in a generation test of their...
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they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to be addressed is the question of the tax cuts expiring. and for the obama administration, the question is, is it in their interest to trade tax cuts for
they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced...
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they are speaking as one with john boehner. so that's, i think, the big difference is that boehner, cantor, mccarthy, throw paul ryan in there, this is a quartet that is moving as one, negotiating as one. there's no, none of this looking over the shoulder. on the leadership side, it's a much different story. yes, it really depends on how you want to try to view it. can you find more rank-and-file conservative republicans who are sort of not in the circle? yes. to complain. but there's no -- there's no alternative. >> bob, you, yesterday, shadowed grover norquist for quite some time. you went to the meeting, his wednesday meeting. >> that's right. >> he has all the time with some of the most powerful conservatives in d.c. and across the country attending. what was their attitude about any deal that boehner might have to make? >> it's pretty interesting when you talk to house republicans because they look at boehner from two different perspectives. on one side, boehner went in front of the house conference and he said, i'm not go
they are speaking as one with john boehner. so that's, i think, the big difference is that boehner, cantor, mccarthy, throw paul ryan in there, this is a quartet that is moving as one, negotiating as one. there's no, none of this looking over the shoulder. on the leadership side, it's a much different story. yes, it really depends on how you want to try to view it. can you find more rank-and-file conservative republicans who are sort of not in the circle? yes. to complain. but there's no --...
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boehner is spinning his wheels. president obama could be pushing these guys all the way until the break. he reminded the country of the stakes today. there was a sense of urgency in the president's message >>> if we get this part of it right, a lot of the other issues surrounding deficit reduction are going to be a whole lot easier. if we get this wrong, the economy is going to go south. we don't have a lot of time here. we have a few weeks to get this thing done. we could get it done tomorrow. optimistically, i don't think we are going to get it done tomorrow. >> the white house is using all social media resources to get the message out and put pressure on the republicans. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress, write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag my 2 k,
boehner is spinning his wheels. president obama could be pushing these guys all the way until the break. he reminded the country of the stakes today. there was a sense of urgency in the president's message >>> if we get this part of it right, a lot of the other issues surrounding deficit reduction are going to be a whole lot easier. if we get this wrong, the economy is going to go south. we don't have a lot of time here. we have a few weeks to get this thing done. we could get it done...
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john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not like raising the eligibility age for medicare. so there are other things that happen? can we scale back the generosity of the obama care subsidies? can we start means testing in additional ways in the medicare program? they have to get creative. >> they got it to get creative, zachary. this comes at the busiest time of the year for retailers and businesses. have you noticed any signs at this point that consumers are at all holding back this holiday season fearing we may go over the so-called fiscal cliff? >> there's a lot of news reports on consumers ho
john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not...
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speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also trading higher today. last i checked, it was up 21 points. there it is at 3,013. that's about the high for the session. the s&p is up about seven points at 1416. >> a bit of a roller coaster ride today after fiscal cliff comments from both parties. >> eamon javers on capitol hill is following the drama, which changes moment by moment. >> absolutely, bill. it's been a bit of a roller coaster ride, as you say, on capitol hill with duelling press conferences today. follow along with me here on what each person said from each party and how that impacted the market, starting with speaker john boehner. here's what he had to say early in the day. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the house and the house o
speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also trading higher today. last i checked, it was up 21 points. there it is at 3,013. that's about the high for the session. the s&p is up about seven points at 1416. >> a bit of a roller coaster ride today after fiscal cliff comments from both parties. >> eamon javers on capitol hill is following the drama, which...
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let's talk about some of john boehner's plan, though. john boehner is not moving off of rates. he's stilling talking about loophole closures. do you believe you can accomplish what needs to be done on the revenue side and let's step plate democrats have to be more specific about us entitlement side. can you accomplish what you need on the revenue side just by flattening deductions and closing loop snoels. >> it depends on where you set the cap, but i think what's happening here is that the speaker has put on the table revenues, very specific number, $800 billion, a big number compared to where he was before. the president has said $1.6 trillion. well, i think the obvious agreement here is 1.2. split the difference. how you get that extra 400 is an issue. there are a lot of ways to do it. revenues is not a complicated part of this situation. what is really more complex is the issue of how you get the entitlements controlled because there's really been no substantive ideas put forward on that get to the numbers that you really need to get to. now, what interestingly enough what t
let's talk about some of john boehner's plan, though. john boehner is not moving off of rates. he's stilling talking about loophole closures. do you believe you can accomplish what needs to be done on the revenue side and let's step plate democrats have to be more specific about us entitlement side. can you accomplish what you need on the revenue side just by flattening deductions and closing loop snoels. >> it depends on where you set the cap, but i think what's happening here is that...
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what john boehner had that had so much impact, coming up. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> good morning to you. welcome back. 24 minutes past the hour. christine is minding our business. >> i am. stock futures are up.
what john boehner had that had so much impact, coming up. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. i have obligations. cute tobligations, but obligations.g. i need to rethink the...
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what is boehner going to put on? as i say all the time, the real question is who is going to lead now? is speaker boehner going to lead the caucus or the tea party lead? that's the question of the day. >> thank you for your time. we'll see if your answer to the question of the day is submitted to the president. thank you. >> wait until the wives make the boys come home. >> joining me now is erin pike and david goodfriend. david, you heard congresswoman bass refer to grover norquist. i want to play what he said regarding this ominous threat as described to republicans who may not fall in line. let's play it. >> tea party 2 is going to dwarf ta tea party 1 if obama pushes us off the cliff. >> this was in reference to the president. he's threatening we will see a new, stronger tea party if we go off the cliff. >> yes. grover norquist also predicted an overwhelming victory by mitt romney and was proven wrong then, too. i think he and other republicans are playing a very dangerous game with their own political futures by
what is boehner going to put on? as i say all the time, the real question is who is going to lead now? is speaker boehner going to lead the caucus or the tea party lead? that's the question of the day. >> thank you for your time. we'll see if your answer to the question of the day is submitted to the president. thank you. >> wait until the wives make the boys come home. >> joining me now is erin pike and david goodfriend. david, you heard congresswoman bass refer to grover...
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that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2 million cars sold in november. the fact is that americans got very old fleet of cars. the average age of car now is 11 years old. it's 20% of the cars on the road are 16 years old. maybe renewing the cars is a big factor. great numbers for abercrombie and fitch, the shares are up 15%. this is a very well received set of numbers. >> you mentioned the abercrombie stuff. others are not doing well. i think i have figured out the differences between the two clothing companies. maybe it's the marketing campaign that is struggling. here's the classic abercrombie campaign. enough said. and
that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2...
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. >>> we don't know what john boehner said to the president on the phone today, but we do know that boehner is finally admitting defeat on one thing. the rich will have to pay more. >> the next 72 hours are critical. >> will republicans cry uncle? both sides are still locked in a stalemate. >> there's plenty of hot rhetoric to go around. >> both sides are coming out swinging. . >> raising tax rates will hurt the economy. >> i will not play that game. >> president obama standing his ground. >> i will not play that game. >> he's not willing to play that game. >> playing the smackdown. >> i think the president has boxed the republicans in. >> i know we have it to raise revenue. >> is he the only republican? >> i don't care how we do it. >> raising tax rates hurt the economy. >> let's just go over the [ bleep ] cliff. >> if they do not make this deal on tax rates for the top 2%, then they're going away. >> i just hope this doesn't become a game of chicken. >> i will not play that game. >> it goes into february and march. >> public opinion is on their side. >> when we have to raise the debt ceil
. >>> we don't know what john boehner said to the president on the phone today, but we do know that boehner is finally admitting defeat on one thing. the rich will have to pay more. >> the next 72 hours are critical. >> will republicans cry uncle? both sides are still locked in a stalemate. >> there's plenty of hot rhetoric to go around. >> both sides are coming out swinging. . >> raising tax rates will hurt the economy. >> i will not play that game....
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let's take a listen to what boehner had to say. this is a little bit of what spooked the markets earlier today. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> so who is it, who's not being serious here? no surprise, the democrats think it is the republicans who aren't being serious up on capitol hill. take a listen to harry reid a little while ago as well. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. president has said the same thing. it's been weeks -- at least two weeks since we met at the white house. we're still waiting for a serious offer from the republicans. >> i folk harry reid here in the hallway up on capitol hill. i asked him what the offer was, if any, from treasury secretary geithner to republicans today in this series of meetings he's been having on capi
let's take a listen to what boehner had to say. this is a little bit of what spooked the markets earlier today. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> so who is it, who's not being serious here? no surprise, the democrats think it is the republicans who aren't...
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the fact that speaker boehner rejected that, we're in a tough spot right now. what the republican leadership in the house has to do is say look here's what we want to do, here's what we believe we should do. they have to understand that the president won, the democrats gained seats in the house and the senate. the american people have said find that common ground, the beginning of that common ground is make sure we protect the tax cuts for the middle class. make sure we don't hurt the fragile economic recovery in the short term and let's deal with protecting medicare and deficit reduction for the long term. >> there's a piece in the "new york times" talking about the president's new negotiate i want aing style. it said mr. obama scattered by failed negotiations in his first term and emboldened by his re-election has shown to be a dlimp different negotiate or. the white house reminded people what the president basically campaigned on saying that everybody knew going in what they were getting re-lecting th this stifle president. does he walk with confidence of re
the fact that speaker boehner rejected that, we're in a tough spot right now. what the republican leadership in the house has to do is say look here's what we want to do, here's what we believe we should do. they have to understand that the president won, the democrats gained seats in the house and the senate. the american people have said find that common ground, the beginning of that common ground is make sure we protect the tax cuts for the middle class. make sure we don't hurt the fragile...
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the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the president said, when you look at the revenue number they propose, for example, they don't tell you how they do the math. so in addition to being not enough revenue, not even as much revenue as is imbedded in the bipartisan simpson-bowles plan but in addition to not being enough, they don't tell you how to get it. when it comes to cuts, the president has also spelled out his cuts and it would be very useful if our republican colleagues would spell them out so we could see where they might match up and where they don't. >> congressman, thank you for joining me. >> thank you. thanks, piers. >>> coming up, a man familiar with washington battles that go down to the wire. former speaker newt gingrich who
the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the president said, when you look at the revenue number they propose, for example, they don't tell you how they do the math. so in addition to being not...
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dispatch the lieutenants in this case because it is president of the united states and speaker boehner and what not of the as i said you send out your feelers behind the scenes for back rm discussions if not negotiations that the erican public is never going to berivy too of course. melissa: yeah. >> i would be very surprised if that wasn't going on because the magnitude of what this means to this country and the economy of this country is so profound that i would be shocked if, that there is --. melissa: well, i don't know. you're going back to giving them a lot of credit. i'm not sure i'm willing to go there with you. what do you think of tte fact boboth sides come out instantly after an offer is that it is terrible? president obama was out here, blink of the eye after republicans came out with their plan to say this is not in the spirit. >> today you're talking about? messa: yeah, today. what does that tell you? should we read anything into at or is that -- >> again i wl liken it to there are plenty o people far more ucated on this than i but from a negotiation standpoint i think ag
dispatch the lieutenants in this case because it is president of the united states and speaker boehner and what not of the as i said you send out your feelers behind the scenes for back rm discussions if not negotiations that the erican public is never going to berivy too of course. melissa: yeah. >> i would be very surprised if that wasn't going on because the magnitude of what this means to this country and the economy of this country is so profound that i would be shocked if, that...
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we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the quarterback is on the republican side. that is, of course, quite common when you don't have the white house, but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions, and we're moving backward and backward and backward towards the goal line. >> i have a headache. >> should they not be talking about football? yeah. >> it's not working. new york jets owner woody johnson, of course -- >> woody! >> a mitt romney guy. >> yeah, woody. >> that was a cringer. harry reid, come on now. >> it's not right for harry reid to kick the jets around. that's a cheap shot. we can do it. you can't. senate minority leader mitch mcconnell, you just saw him there talking on the floor, he actually found himself, well, in unusual territory thursday. he actually had to filibuster himself. >> no, no, he ca
we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the quarterback is on the republican side. that is, of course, quite common when you don't have the white house, but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions, and we're moving backward and backward...